Saudi Arabia and Indonesia have announced a landmark set of agreements valued at $27 billion, signaling a new chapter in their partnership. The accords, finalized during the Indonesian president’s visit to Riyadh, aim to boost collaboration in energy, technology, and security sectors.
Energy initiatives are at the forefront, with both countries agreeing to work together on crude oil supply, petrochemical projects, renewable power, and innovations in hydrogen and energy storage. These efforts are designed to advance Saudi Arabia’s Vision 2030 and Indonesia’s transition to greener energy, while promoting sustainable growth and a circular economy.
Security cooperation was another highlight, as leaders pledged to strengthen joint efforts in counter-terrorism, cybersecurity, and information sharing. Enhanced defense ties reflect a shared commitment to stability amid shifting global dynamics.
Both nations also emphasized the importance of advancing digital transformation and harnessing emerging technologies such as artificial intelligence. Efforts to build frameworks for a carbon circular economy and to negotiate a free trade agreement with the Gulf Cooperation Council are ongoing, with optimism for a successful outcome.
Bilateral trade has grown significantly, reaching $31.5 billion over the past five years and positioning Saudi Arabia as Indonesia’s leading trade partner in the region. The new agreements are expected to deepen economic integration and strategic cooperation between the two countries.